45 Ways to Make More Money in 2017

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... read more at: https://www.gobankingrates.com/personal-finance/ways-make-money/

The race is on to sell Scarborough Downs, racetrack and all

SCARBOROUGH — For the first time since it was carved out of coastal muck and gravel 66 years ago, Scarborough Downs is for sale, really for sale, all 483 acres stretching from Route 1 to Payne Road.

Fresh off a failed land deal that aimed to preserve the long-struggling racetrack, the owners have set their sights on unloading the swath of prime real estate for $7.5 million with little or no interest in keeping the harness racing enterprise alive.


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They say the Downs is being snuffed out by dwindling profits and attendance, increasing competition from casinos and online gambling, crumbling facilities that have drawn recent scrutiny from government officials, and continuing controversy with horse owners and trainers.

It’s all become too much for Denise Terry, vice president of finance at the Downs. She has largely assumed operation of the racetrack for her mother, Sharon

... read more at: http://www.pressherald.com/2016/11/06/the-race-is-on-to-sell-scarborough-downs-racetrack-and-all/

City of Portland prepares to put prime Bayside land on the market

Four acres of land with significant development potential near Portland’s downtown could be available for sale by the end of the year, according to the city’s economic development director.

Greg Mitchell said city officials will likely choose a real estate broker in the coming weeks for land used by the city’s Public Works Department in Bayside, launching a process that could alter the course of one of Portland’s long-struggling neighborhoods. The only restrictions placed on the sale would be the current zoning, Mitchell said, and the city is open to selling all of the land to one buyer, or selling it by the parcel.


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Given the property’s location and zoning, which permits a wide range of uses, Mitchell expects that some sort of mixed-use development – including residential, office, retail and possibly a fitness center – could

... read more at: http://www.pressherald.com/2016/11/14/city-of-portland-prepares-to-put-prime-bayside-land-on-the-market/

Why Portland can’t fight gentrification with 387-square-foot condos

Portland may fail in its inaugural effort to provide homeownership opportunities to black residents displaced from gentrifying neighborhoods north of downtown.

The reason? Hardly anyone wants to live in the tiny, well-appointed condos that government leaders agreed to subsidize.

This spring, the Portland Housing Bureau and regional government Metro approved subsidies of nearly $660,000 for a new development along North Interstate Avenue. The 12-unit project is set to open next year, making it the first opportunity under Portland’s newly created “preference policy” aimed at atoning for past urban renewal sins.

But the Jarrett Street Condos haven’t resonated with the very people who are supposed to benefit. Units range in size from just 387 to 556 square feet.

“At this point, we’re very concerned,” said Garner Moody, who is developing the project.

Portland housing officials remain upbeat but emphasize they will recoup city money if the condos aren’t sold to approved buyers. Portland has set

... read more at: http://www.oregonlive.com/portland/index.ssf/2016/11/why_portland_cant_fight_gentri.html

Distressed home sales drop to nine-year low in Q3

Cash Sales Share Also at Nine-Year Low of 25.9 percent;

Median Home Prices at New All-Time Highs in 40 Percent of 118 Local Markets Analyzed;

Q3 2016 Home Sellers Realized Average Home Price Gain of $43,000, a Nine-Year High

A new report from ATTOM Data Solutions for the third quarter shows that distressed sales — including bank-owned (REO) sales, sales of homes actively in foreclosure, and short sales — accounted for 12.9 percent of all U.S. single family home and condo sales in Q3 2016, down from 15.0 percent in the previous quarter and down from 15.9 percent in Q3 2015 to the lowest share of distressed home sales since Q3 2007, when distressed sales accounted for 12.3 percent of all home sales.

The peak in share of distressed sales was Q1 2009 at 43.9 percent of all U.S. single family home and condo sales.

The report also shows that all-cash purchases accounted for 25.9

... read more at: http://mecktimes.com/news/2016/11/14/distressed-home-sales-drop-to-nine-year-low-in-q3/

On the market: Homes close to concert halls (photos)

Have you ever wanted to live close enough to walk to a concert?

We wandered through the real estate listings and found some residential properties near musical venues that caught our attention.

So, sing along as we virtually tour places close to these stages:

Arlene Schnitzer Concert Hall, a historic theater building and performing arts center, and one of the last surviving auditoriums on Portland’s Southwest Broadway, will have the Portland Youth Philharmonic fall concert tonight, Saturday, Nov. 12.

Nearby is a contemporary penthouse with walls of glass framing skyline and mountain views that are as dramatic as anything seen on a stage: 1221 SW 10th Ave. #1807 in Portland is listed at $1.8 million by Chris Suarez of Keller Williams Realty Professionals. The unit, built in 2006 in the Eliot, has two bedrooms, 2 ½ baths and 2,332 square feet (that breaks down to $772 a square foot).

McMenamins Crystal Ballroom, an in-or-out

... read more at: http://www.oregonlive.com/hg/index.ssf/2016/11/portland_homes_near_concert_ve.html

Macy’s closing downtown Portland store: ‘A bit of Oregon history is lost’

Updated 5:24 p.m.

If Pioneer Courthouse Square is the heart of Portland, the surrounding retailers are what makes it tick.

With Macy’s announcement Thursday that it will sell and close its store in the historic Meier Frank Building, the heart of Portland will beat a bit differently.

The decision marks the end of an era for building, which has housed a department store — first Meier Frank and later Macy’s — since 1909.

“A bit of Oregon history is lost,” said Gerry Frank, whose great-grandfather helped start Meier Frank in Portland in 1857. “It was a great institution. It was the heartbeat of Portland, and people came from all over the state of Oregon to shop there.”

Though the grand terra cotta shell of the store will remain, the last vestiges of a rich retail tradition – especially magical during the holidays – will probably disappear.

Shoppers will have one last holiday season to enjoy the festive window displays and

... read more at: http://www.oregonlive.com/window-shop/index.ssf/2016/11/macys_confirms_sale_closure_of.html

Macy’s closing downtown Portland store: ‘A bit of Oregon history is …

Updated 5:24 p.m.

If Pioneer Courthouse Square is the heart of Portland, the surrounding retailers are what makes it tick.

With Macy’s announcement Thursday that it will sell and close its store in the historic Meier Frank Building, the heart of Portland will beat a bit differently.

The decision marks the end of an era for building, which has housed a department store — first Meier Frank and later Macy’s — since 1909.

“A bit of Oregon history is lost,” said Gerry Frank, whose great-grandfather helped start Meier Frank in Portland in 1857. “It was a great institution. It was the heartbeat of Portland, and people came from all over the state of Oregon to shop there.”

Though the grand terra cotta shell of the store will remain, the last vestiges of a rich retail tradition – especially magical during the holidays – will probably disappear.

Shoppers will have one last holiday season to enjoy the festive window displays and

... read more at: http://www.oregonlive.com/window-shop/index.ssf/2016/11/macys_confirms_sale_closure_of.html

Macy’s confirms sale, closure of downtown Portland store …

As sales and profits at Macy’s continue to decline, the retail giant is continuing to sell off its most valuable real estate holdings.

The Cincinnati-based retailer disclosed Thursday in its earnings report that it has sold its downtown Portland store for $54 million, a deal that will net Macy’s about $36 million.

The Oregonian/OregonLive reported in July that Macy’s was exploring the possibility of a sale of the downtown Portland store, which occupies five floors of the historic Meier Frank Building.

It is unclear who purchased the store, which will close next spring, or what will become of the floors that Macy’s owned.

However, Lisa Frisch, who directs the Portland Business Alliance’s downtown retail program, said developers have floated several possibilities.

One proposal would have creative office space occupying the upper floors, with retail on the ground level. Frisch declined to name the buyer or developers involved in the project.

Frisch said she doesn’t think Macy’s departure spells trouble for

... read more at: http://www.oregonlive.com/window-shop/index.ssf/2016/11/macys_confirms_sale_closure_of.html